All categories

2 years ago

The method of determaining what a business will get in exchange for its products

Business

1 answer:

liubo4ka [24]2 years ago

4 0

Answer:

A. pricing

Explanation:

Pricing entails determining the value to attach to a product. It is the process through which a business decides how much customers will pay for its products. A business must consider the production costs and the desired margins when setting a price.

Price plays a crucial role in the success of a product and the business. A high price has higher profit margins but may put-off some customers. A low price may attract demand but may lead to losses. Sometimes, low prices are associated with a poor quality product.

You might be interested in

Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the uretha

denis-greek [22]

Answer and Explanation:

The preparation of schedule showing physical units of production is prepared below:-

Rosenthal Company

Physical units of production

For the year June 2020

Units to be accounted for:

Work in process, June 1: -

Started into production 22,660 units

Total units 22,660

Units to be accounted for:

Transferred out 20,600 (22,600 - 2,060)

Work in process, June 30 2,060 units

Total units 22,660 units

8 0

3 years ago

"when the price goes down, the quantity demanded goes up. the price elasticity of demand measures:"

ludmilkaskok [199]

I am confusion

Wut is happening

7 0

3 years ago

What is the difference between the short run and the long run?

Inessa05 [86]

Answer: Option D

Explanation: In simple words, short run refers to the time frame in which all the factors of production are fixed while in the long run all of them are variable.

This happens due to the fact that in the short run if the company goes for changing the level of inputs than the opportunity that were availing in that time period will be gone by then leading to losses as the total time frame is very less in short run.

On the other hand, firms tends to have greater life in the market and keeps developing themselves with the changing forces of market.

4 0

3 years ago

The table below shows the earnings, in thousands of dollars, for three different commissioned employees. $2,000 3% on all sales

Mashcka [7]

The earnings of the three employees are X=$2,135, Y=$392, Z=$260.

<h3>What is the commission?</h3>

The commission is basically the amount of service charge which is given by the employer to their employee in addition to his income.

Let, the three employees be X, Y, and Z.

Given that,

Employee X earns $2,000 with 3% on all sales.

Employee Y earns 7% on all sales.

Employee Z earns 5% on the first $40,000, and 8% for sales over $40,000.

The table is shown in the image below about the sales of December, January, and February.

<h3>Computation of earning:</h3>

Earning in December are as follows:

<u>Employee </u><u>X</u><u>: </u>

$=\$2000+3\%(\$4,400)\\ = \$2,132.$

<u>Employee </u><u>Y</u><u>:</u>

$7\%(\$5,600) = \$392$

<u>Employee </u><u>Z</u><u>:</u>

$5\%(\$5,200) = \$260$

Hence, employee A has the largest amount of earnings in the month of December.

Therefore, option A is correct, where A is the salary plus commission employee.

Learn more about commission, refer:

brainly.com/question/929522

<h3 />

7 0

2 years ago

Ada is the maker of a note, on which Bart is secondarily liable. Credit Instruments Company is the current holder of the note. B

romanna [79]

Answer:

a. Ada defaults on the note.

Explanation:

An agency can be defined as a mutual relationship existing between two parties, wherein a principal authorizes the agent to act as the principal's representative or on his behalf (fiduciary role) in dealing with third parties.

The parties entering into a contractual agreement are obligated to terminate an agency relationship by placing into the agreement a time period specifying the termination. Thus, when that time elapses or expires, the agency between the parties involved ends. Furthermore, the parties involved may specify the particular purpose for which the agency is established. Once that purpose is achieved, the agency is terminated or ends.

This ultimately implies that, the legal entity or secondary liability (trustee or licensee) would be held responsible for the losses, legal claims and damages incurred by its partner in an agency, whether or not the agent's actions were authorized or unauthorized by the principal.

In this scenario, Ada is the maker of a note, on which Bart is secondarily liable. Also, the current holder of the note is Credit Instruments Company.

Since Bart is secondarily liable to Ada, it will be obligated to pay for any of the notes if Ada defaults on the them.

Hence, a trustee is liable for acts or contracts entered into by an agent when he or she gives an agent either actual authority (power of attorney) or apparent authority.

3 0

2 years ago